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The video discusses the limitations of using Excel as a project management tool. While Excel is powerful, it is not suitable for managing projects effectively. The speaker emphasizes that many existing tutorials focus on interactive dashboards, but these tools fail when handling larger task volumes. Specifically, Excel tools perform well only for a small number of tasks (10-20), while real projects typically involve around 100 tasks per month, particularly for small teams of 10-15 members. The underlying issue is that Excel dashboards rely on raw data in spreadsheets, which do not scale appropriately for comprehensive project management. The instructor ultimately advises against using Excel for this purpose.